Please note that all your data entry, client information and loan details, should always be completed under GEM. If you follow all the tabs for data entry you should never have a problem sending your deals to commission. Most of the information that will go to commission team is sitting under broker tools and if you do not complete loan details properly on the system you might get an error message when posting it to commission.
Broker Tools - Loan Amount
On GEM is important that you complete the whole broker tools tab.
Crucial information to have your deal accepted for commission will be under Broker Tools >> Broker tools. The loan amount and lender are the most relevant information for commission payment and you need to go through: security, funding worksheet and product tabs in order to lock these items to your deal.
System will need you to enter security details to allow you to go to Funding worksheet tab, where you will be able to enter the loan amount for the deal. You can enter an existent security by typing on the "search for security address" or you can manually enter details if the deal is for pre-approval. Country, Street number, Street name, Suburb, City and Postal Code are the minimum information required to enter pre-approval deals. See below an example of each scenario.
Under Funding worksheet tab you will see fields highlighted in red and those are the fields that are compulsory, but the loan amount that will be seen by commission team will be under Proposed loan amount.
Broker Tools - Lender
Under search loan product tab is where you select the lender and product for your deal: 1) choose lender 2) click search 3) select product 4) click next
The review loan product tab is the next and basically you will be only reviewing the details of the selected lender and product. If no information needs to be amended you can click next and go to compare loan product tab, where you will need to select the option "set as preferred" and this will tell the system who is the lender for the deal
Post to Commission
Now you can go back to your deal view and click on edit deal to send it to commission.
once you click on Post to commission system will highlight the required fields. Please note that loan account number is compulsory, but if you haven't got it yet you can enter N/A. Also, if you have not added the referrer partner on earlier stages of the application you will be able to select them now.
Under your notes you will be able to check if deal was successfully posted to commission
Thanks for reading!